Africa poses critical challenge for World Bank, IMF 0 SHARES Share it! Share TweetBy Agence France-PresseGlobal heat maps of extreme poverty show Africa in deep red. “The problems are very real and are large,” newly installed World Bank President David Malpass told AFP in an interview. The International Monetary Fund and World Bank have had a mixed record in addressing the longstanding challenge of poverty on the continent since the institutions were founded 75 years ago. Masood Ahmed, who worked at the IMF and World Bank for nearly half their 75 years of existence, says the challenge is enormous, especially as climate change threatens to disrupt everything else.

Source: Manila Bulletin July 21, 2019 09:56 UTC